China today launched its long awaited yuan denominated oil contract at the International Energy Exchange (INE) in Shanghai. Seven crude streams from UAE, Qatar, Oman, Yemen...
It is very clear that Brent crude oil has followed the general risk-on/risk-off movements in global equities so far this year. The catalyst and the real...
The US EIA yesterday released its monthly drilling productivity report as well as its DUC report (showing the number of drilled and completed wells). The reports...
The sell-off in global equity markets accelerated yesterday dragging both front end and longer dated crude oil contracts lower. Since one week ago the front end...
Oil prices experienced a long overdue price correction last week as Brent crude fell back 2.8% to $68.58/bl along with a broad based sell-off in equities....
There is an intimate relationship between the oil price and the USD. Looking back at the crude oil price and the USD Index since 2013 they...
Yesterday’s US EIA Drilling Productivity Report (DPR) showed that US crude oil production is now growing at a marginal rate of 1.3 mb/d/yr and as strongly...
Yesterday Brent crude hit the 2015 high of $69.63/bl before crossing the $70/bl line with an intraday high of $70.05/bl (and thus the highest since 2014)...
Iran’s oil minister Zanganeh yesterday intervened verbally in the oil market by stating that OPEC’s members do not want Brent crude oil above $60/bl because of...
Donald Trump must certify the Iran nuclear deal every 90 days to ensure US sanctions are waived. He did not do so on 13 October 2017,...
